Property Ownership
In South Dakota, a 'community land trust' (CLT) is a model for affordable housing where:
AThe community donates land to the SDREC
BA nonprofit organization holds land in trust while individuals own the structures, keeping homes permanently affordable✓ Correct
CAll community members share ownership equally
DThe state holds land for future development
Explanation
A community land trust holds land ownership in a nonprofit trust while homeowners own their structures. Ground leases limit resale prices to maintain long-term affordability for subsequent buyers.
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